Equity
-€1.0m
Debts exceed assets in financial year 2025.
Embridge Belgium
Lifetime
20 annual accounts with figures on one time axis, 26 filings since 2000peak €5.2m (2025)
€5.2m▲ 121%
lowest -€641,421 (2025)
-€641,421▼ €14,934
peak €222,205 (2023)
-€1.0m▼ €641,421
€6.3m▲ 98.8%
peak 66.9 FTE (2025)
66.9 FTE
Board7 names since 2019
2 directorsDE BRUYNE Peter and 1 other
Owners
100%Embridge Group
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from €2.4m to €5.2mLoss of €641,421Merger: Embridge Belgium BV takes over M-TECH WALLONIE BV 29-12Resignation: PMGN Advies VOF (director) 31-01Company renamed from M-Tech Omgeving to Embridge Belgium 24-01Equity from -€404,282 to -€1.0m
Key points
from the 2025 annual accountsLosses
-€1.3m in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Debts
€6.3m 120% of the balance sheet
Suppliers 26%Taxes and wages 31%Other 43%
Of this, €6.3m falls due within a year.
Restructuring
3
3 restructurings in 2026. Latest: merger with ADOPLAN.
Board
2 joined · 2 left
Board changed. Latest change 02-09-2026 · 2 in office.
Position in the sector
-€641,421
Lower net result than 95% of companies in architecture and engineering. Sector median €27,060 · 2,563 companies.
2025 accounts filed 31 days after the deadline
Checked score
48
Fair
Financially stronger than 5% of medium-sized companies in architecture and engineering (NACE 71)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 166 companies (NACE 71, medium-sized).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.6%
01-2025: 3.7%▲ +1.1 percentage points vs 12-2024
02-2025: 3.7%● unchanged vs 01-2025
03-2025: 3.5%▼ -0.2 percentage points vs 02-2025
04-2025: 3.5%● unchanged vs 03-2025
05-2025: 3.4%▼ -0.1 percentage points vs 04-2025
06-2025: 3.4%● unchanged vs 05-2025
07-2025: 3.3%▼ -0.1 percentage points vs 06-2025
08-2025: 3.9%▲ +0.6 percentage points vs 07-2025
09-2025: 3.0%▼ -0.9 percentage points vs 08-2025
10-2025: 4.1%▲ +1.1 percentage points vs 09-2025highest value
11-2025: 4.0%▼ -0.1 percentage points vs 10-2025
12-2025: 1.8%▼ -2.2 percentage points vs 11-2025
01-2026: 1.8%● unchanged vs 12-2025lowest value
02-2026: 1.8%● unchanged vs 01-2026
03-2026: 2.0%▲ +0.2 percentage points vs 02-2026
04-2026: 2.0%● unchanged vs 03-2026
05-2026: 2.0%● unchanged vs 04-2026
06-2026: 2.1%▲ +0.1 percentage points vs 05-2026
07-2026: 2.2%▲ +0.1 percentage points vs 06-2026
08-2026: 2.4%▲ +0.2 percentage points vs 07-2026
09-2026: 2.8%▲ +0.4 percentage points vs 08-2026
10-2026: 2.8%● unchanged vs 09-2026
11-2026: 2.8%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Loss of €641,421, the second in a row (financial year 2025)
Negative equity -€1.0m
Liquidity: current ratio 0.83, cash €338,931
lowers risk
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, medium-sized). It does better than 3% of them on solvency, 8% on liquidity, 5% on profitability and 3% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 108 companies had the same profile as Embridge Belgium has now. Each dot is one company, two years later.
80.6%
were still trading
11.1%
stopped another way
6.5%
went bankrupt
Another 1.9% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Embridge Belgium itself: 2.8% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 108 companies, not a prediction for Embridge Belgium. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.83 (0.87 in 2024), below 1. Short-term debt is 119.9% and cash 6.4% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€1.0m
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
118 days late
2023
210 days late
2022
17 days early
2021
24 days early
2020
22 days early
2019
9 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 41 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 87 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Embridge Group 100%score 84equity €1.2m (2025) · deed of 19-02-2026
Recent changes
1 director appointed, 1 resignation, 1 reappointment
Reappointment: Embridge Group NV · Permanent representatives: de Wilde Maurice and Vansteenwegen Mattias · Resignation: Boodts Michiel · General meeting of 02-09-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0466839521
Merger: Embridge Belgium takes over M-Tech Wallonie
Resignation: DE BRUYNE Peter Koen (director) · Appointment: Embridge Group (director) · Permanent representative: DE WILDE Maurice · Gazette deed
Merger: Embridge Belgium BV takes over M-TECH WALLONIE BV
Legal-form conversion: to private limited company · General meeting of 21-01-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Embridge Belgium Brussels | €5.3m | €5.2m | -19.9% | 66.9 |
| BUREAU D'EXPERTS Ph. DEPLASSE ET ASSOCIES Watermael-Boitsfort | €3.8m | €4.8m | 20.5% | 52.9 |
| UNIVERSOIL Woluwe-Saint-Pierre | €3.9m | €5.6m | 28.5% | 44.9 |
| Veltec Kapellen | €4.8m | €3.9m | 14.9% | 40.3 |
| CULLEN INTERNATIONAL Auderghem | €7.6m | €5.3m | 32.4% | 38.1 |
| ENGIBEX Watermael-Boitsfort | €4.1m | €7.0m | 64.2% | 68.2 |
| WFRGENT Ghent | €5.3m | €3.6m | 75.1% | 45.3 |
These companies have the same main activity as Embridge Belgium: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €3.8m and €7.6m, founded between 1986 and 2011.
Official details
Source: KBO- Status
- Active since 13-09-1999Normal situation
- Registered office
- 212 active companies are registered at this address12 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121and 2 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment units
- 2.099.218.5703500 Hasselt, since 15-12-1999
- 2.230.897.2589000 Ghent, since 16-05-2014and 3 others
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Annual accounts 2025
- ≈ €9.0mestimated
- €5.3m▲ 90.1%
- Employeeson 31-12-2025
- 64
- Filing
- Filed on 31-08-2026
Insights on Embridge Belgium
Embridge Belgium files the abbreviated format. That format states no turnover. The gross margin rose from €18,479 in 2006 to €5.2m in 2025.
Embridge Group holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Embridge Belgium
- What is the company number of Embridge Belgium?
- The company number of Embridge Belgium is 0466.839.521. The VAT number is the same number with BE in front: BE 0466.839.521.
- Where is Embridge Belgium based?
- The registered office is at Esplanade 1, 1020 Brussels.Company details
- What does Embridge Belgium do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of Embridge Belgium?
- Embridge Belgium is a private limited company (BV).
- When was Embridge Belgium founded?
- Embridge Belgium was founded on 13-09-1999.
- Is Embridge Belgium still active?
- Yes, Embridge Belgium is an active enterprise in the KBO register.
- How many employees does Embridge Belgium have?
- Embridge Belgium had an average of 66.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Embridge Belgium fall under?
- In its 2025 annual accounts, Embridge Belgium states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Embridge Belgium?
- The turnover in financial year 2025 is ≈ €9.0m. This figure is estimated from the gross margin of €5.2m and 1,585 comparable companies of the same size. It probably lies between €6.1m and €15.0m. It is a rough estimate. In financial year 2021 turnover was €2.2m.
- Is Embridge Belgium profitable?
- In financial year 2025, Embridge Belgium made a loss of €641,421.
- Where can I find the annual accounts of Embridge Belgium?
- Embridge Belgium filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Embridge Belgium due?
- Embridge Belgium must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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